The New Zealand economy issued the unemployment rate which declined to 6.6% during the first quarter of the year, compared with a previous reading 6.8% in the fourth quarter of 2010, while the anticipations referred to 6.7%.

Moreover, employment change (QoQ) in New Zealand which came at 1.4% during the 1st quarter, from the previous drop by 0.5%, and the analyst's forecasts referred to 0.6%.

The annualized New Zealand's employment change (YoY) increased to 1.8%, which compared with a prior reading of 1.3%, whereas the forecasts estimated of 0.8%.